Business, 19.09.2019 21:40 akfroggyman6591

Laurie bought a 5-year cd for $6800 with an apr of 2.8%, compounded quarterly, but she wants to take all her money out 9 months early. the early redemption fee for the cd is 3 months' interest on the original principal. laurie determine how much money she will end up earning in interest on the cd.
what is the periodic interest rate of laurie's cd? how many quarters will laurie have kept her money in the cd before she takes all her money out?
how much will laurie's cd be worth when she takes all her money out (before the fee is applied)?
how much will laurie have earned in interest before the fee is applied?
how much will laurie get charged as an early redemption fee for taking all her money out 9 months early?
how much will laurie have earned in interest after the fee is applied?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 16:10

Aldrich and co. sold goods to donovan on credit. the amount owed grew steadily, and finally aldrich refused to sell any more to donovan unless donovan signed a promissory note for the amount due. donovan did not want to but signed the note because he had no money and needed more goods. when aldrich brought an action to enforce the note, donovan claimed that the note was not binding because it had been obtained by economic duress. was he correct? [aldrich & co. v. donovan, 778 p.2d 397 (mont.)]

Answers: 1

Answer

Business, 22.06.2019 07:30

1 2 3 4 5 6 7 8 9 10time remaining59: 30in the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war? 1 2 3 4 5 6 7 8 9 10time remaining59: 30in the dark game, how does the author develop the central idea that elizabeth van lew was a spymaster during the civil war?

Answers: 1

Answer

Business, 22.06.2019 09:30

Which are the best examples of costs that should be considered when creating a project budget?

Answers: 2

Answer

Business, 22.06.2019 09:40

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?

Answers: 2

Answer

You know the right answer?

Laurie bought a 5-year cd for $6800 with an apr of 2.8%, compounded quarterly, but she wants to take...

Questions